Friday, August 27, 2004

Tristate summary

Delta talks to bondholders

Delta Air Lines Inc. told some of its bondholders Thursday that renegotiating or buying back notes is necessary to help the airline avoid bankruptcy. The carrier also said it could not guarantee the value of the bonds if it files for Chapter 11 protection. Representatives of the bondholders had asked for more information and to see the company's restructuring plan before entering into negotiations.

Petco buys distributor

Petco Acquisitions of Cold Spring, which owns AmeriStop convenience stores in Greater Cincinnati and Northern Kentucky, has acquired Liberty Distributors of West Chester, a wholesale distributor to convenience stores. Liberty serves more than 270 outlets, and Petco said it plans to expand its operation.

Chemed unit acquires hospice

Chemed Corp. on Thursday said its VITAS Healthcare subsidiary has acquired Haven House Hospice in Atlanta. The acquisition adds about 30 patients in a new market to VITAS' network of hospice programs.

Oil prices drop for fifth day
Little particles make cars, profits shine
Honda CEO traces longtime links with Ohio
Cincinnati Financial shifts asset
Sale boosts Winton stock
Meridian wins FDA approval for colitis test
Insure your party? Not likely
Glaxo agrees to post negative drug data
Krispy Kreme trying to roll with markets
Tobacco sales fell fifth year in 2003
Coca-Cola employees given immunity in rigged-test case
Tristate summary
Business digest